There is nothing wrong with the private ownership of the means of production, just so long as the government heavily regulates it. Business leaders should get their directives from the government, and the government should use its powers to severley punish those businesses who fail to fall in line.
When businesses do as the government directs, the members of the collective benefit as a whole. Any fool knows that a business will do whatever it can to cheat, poison, and steal from its customers, and only strong govt regulations prevent them from doing so. Thus, people need to support govt, not business.
True, private ownership of the means of production with heavy govt regulation is fascism, but who can name even one bad fascist regime?